Goldman Sachs Upgrades AeroVironment (AVAV) to Buy, Sees as M&A Target
AVAV Hot Sheet
Rating Summary:2 Buy, 7 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 16 | Down: 7 | New: 23
Goldman Sachs upgraded AeroVironment (NASDAQ: AVAV) from Neutral to Buy with a price target of $38.
The firm cited exposure to growth areas like UAVs and Electric Vehicle battery charging, above-average returns on capital and net cash on the balance sheet, and said it has high potential as a M&A candidate.
For an analyst ratings summary and ratings history on AeroVironment click here. For more ratings news on AeroVironment click here.
Shares of AeroVironment closed at $28.76 yesterday, with a 52 week range of $24.01-$36.49.
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The firm cited exposure to growth areas like UAVs and Electric Vehicle battery charging, above-average returns on capital and net cash on the balance sheet, and said it has high potential as a M&A candidate.
For an analyst ratings summary and ratings history on AeroVironment click here. For more ratings news on AeroVironment click here.
Shares of AeroVironment closed at $28.76 yesterday, with a 52 week range of $24.01-$36.49.
Discover Wall Street's best ratings calls with the pros - Upgrade to Ratings Insider Elite. Free Trial!
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